20 Dec 2018 10:37
AFARAK GROUP COMPLETES SHARE BASED COMPENSATION
10:45 London, 12:45 Helsinki, 20 December , 2018 - Afarak Group Plc ("Afarak" or "the Company")
AFARAK GROUP COMPLETES SHARE BASED COMPENSATION
The Board of Afarak Group plc announces that it has completed a share transfer totaling 466,667 ordinary shares (the "Shares") from treasury shares to Alistair Ruiters, former CEO. The Shares are issued under the authorisation given by the Company's Annual General Meeting in May 2018 and formed part of the Mr Ruiter’s service contract. Following a revision in the contract, no additional share transfers to Alistair Ruiters are envisaged.
The Board of Directors
Afarak Group
For additional information, please contact:
Guy Konsbruck, CEO, +356 2122 1566, guy.konsbruck@afarak.com
Jean Paul Fabri, PR Manager, +356 2122 1566, jp.fabri@afarak.com
Financial reports and other investor information are available on the Company's website: www.afarak.com.
Afarak Group is a specialist alloy producer focused on delivering sustainable growth with a Speciality Alloys business in southern Europe and a FerroAlloys business in South Africa. The Company is listed on NASDAQ Helsinki (AFAGR) and the Main Market of the London Stock Exchange (AFRK).
Distribution:
NASDAQ Helsinki
London Stock Exchange
Main media
www.afarak.com
Afarak Group (AFRK)